Report ID: UCMIG15E2068
Report ID:
UCMIG15E2068 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The application of a plastic coating results in a thick, wear-resistant finish that eliminates air and water from the surface and prevents corrosion. It's found in a variety of products, including radiator grilles, battery trays, brackets, seat springs, door handles, and more. The presence of established medical and aerospace industries in developed regions aids market growth. Furthermore, the expansion of the automotive sector in emerging economies raises the demand for plastic coatings. However, factors impeding market growth include stringent acts or regulations governing volatile organic content. On the other hand, increased R&D activity to expand the consumer or application base is expected to provide lucrative opportunities for market growth during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2068